Due Week 9, worth 175 pointsThis assignment is aligned to this course outcome:Apply macroeconomic concepts to current and personal economic events and decisions.In addition to writing about macroecono
September 3, 2020
Question: What is the “current macroeconomic situation” in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation,
September 3, 2020

Other things equal, what effects would each of the following have on aggregate demand and aggregate supply? In each case explain the effect on equilibrium price level and level of real output.

a) A significant reduction in the value of the stock market.

b) A sizable depreciation in the international value of the dollar .

c) A major war breaks out in the Middle East raising oil prices.

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